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Money Shopify reports Q4 profit of US$771,000, revenue up 47 per cent from year ago

16:10  12 february  2020
16:10  12 february  2020 Source:   msn.com

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We ’re not just an ecommerce software, Shopify is the best ecommerce platform that has everything you need to sell online, on social media, or in person. To help show all the ways you can sell with Shopify , there’s a slow animation of three different images: a sleek, white chair being sold on an

“That we grew revenue by 90% and GMV by 99% for the full year 2016 speaks to the enormous opportunity in retail right now and our strategic position within it,” commented Russ Jones, Shopify ’s CFO. “Throughout 2017 we will continue to build out our ability to seize this opportunity by expanding

a sign in front of a building© Provided by The Canadian Press

OTTAWA — Shopify Inc. reported a profit of US$771,000 in its latest quarter compared with a loss of US$1.5 million in the same quarter a year earlier as its revenue grew 47 per cent.

The company, which keeps its books in U.S. dollars, says the profit amounted to a penny per share for the three-month period ended Dec. 31 compared with a loss of a penny for the last three months of 2018.

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Revenue for the quarter at the company which provides technology to online retailers totalled nearly US$505.2 million, up from nearly US$343.9 million a year earlier.

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OTTAWA — Shopify Inc. reported a better-than-expected fourth quarter as its revenue jumped 71 per cent compared with a year ago .The e-commerce company Analysts on average had expected an adjusted profit of five cents per share and 9.3 million in revenue , according to Thomson Reuters.

Telus Corp reported a fourth-quarter profit of 2 million as its revenue improved nearly five per cent compared with a year ago . Revenue totalled nearly . 47 billion, up from nearly .31 billion in the same period a year earlier. In the quarter, Telus added 121, 000 wireless postpaid customers, 21

Shopify says its adjusted net income for the fourth quarter amounted to US$50.0 million or 43 cents per share, compared with adjusted net income of US$29.4 million or 27 cents per share for the fourth quarter of 2018.

Analysts on average had expected an adjusted profit of 24 cents per share, according to financial markets data firm Refinitiv.

In its outlook, Shopify says it expects first-quarter revenue between US$440 million and US$446 million. Full-year revenue is expected in a range of US$2.13 billion to US$2.16 billion.

This report by The Canadian Press was first published Feb. 12, 2020.

Companies in this story: (TSX:SHOP)

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